sp electricity rate 8 36
Many Singaporeans keep an eye on SP electricity rates to budget monthly expenses and compare against other electricity retailers.
Customers who have not switched to an Open Electricity Market (OEM) retailer continue to pay the SP regulated tariff set quarterly by the Energy Market Authority.
As of recent quarters, SP electricity rates have fluctuated due to global changes in oil and natural gas prices.
For example, the rate for a given quarter might be around 27–30 cents per kWh, but this changes based on market conditions.
Customers looking to save money can compare the SP rate with fixed or discount plans from OEM retailers, many of whom click here offer competitive alternatives.
Besides comparing rates, residents are encouraged to monitor their energy usage and take advantage of tips and rebates offered by SP Group and government schemes.
Overall, understanding SP electricity rates allows Singaporeans to manage costs effectively and choose the best plan for their needs.